Solana's SOL has reached a new all-time high of $277, driven by the excitement surrounding the TRUMP-Memecoin. This surge has also resulted in a record Open Interest of $8.57 billion, reflecting increased trader interest and confidence, as more capital flows into futures contracts.
The continuous rise in Open Interest and positive funding rates indicate a bullish sentiment among traders, who believe in a sustained rally.
The coin's daily chart shows SOL trading just below its peak, a resistance level that, if surpassed, could support further upward movement unless profit-taking emerges to lower prices.
